Trust tech provider TrustQuay and wealth management solution provider Viewpoint have joined forces to accelerate automation and digitalisation across trust, corporate and funds services.
The combined group brings together 270 people across 12 offices and will enable further product innovation and combined services to customers across Europe and Asia Pacific.
The transaction is subject to regulatory approval, expected to close by mid-2023, after which Keith Hale will become group chief executive, and Rolf Heemskerk will become chief information officer.
Focused on entity management, client accounting, practice management, compliance and workflow software for trust, corporate and funds service providers around the world, TrustQuay serves more than 360 customers. It has a user base of more than 26,000 in over 30 jurisdictions. With more than 20,000 users from more than 300 clients in over 80 jurisdictions, Viewpoint is a solution provider in the global wealth and trust market.
‘Best of both worlds’
Hale, TrustQuay Group chief executive, said: “This is extremely exciting news for both Viewpoint and TrustQuay. Both businesses have distinct strengths and together we bring a ‘best of both worlds’, enabling us to better serve customers globally, with a stronger footprint across Europe and Asia Pacific, and to further accelerate automation and digitalisation globally.
“Our greater scale will not only significantly benefit our customers, but also the wider trust, corporate and fund services sector and indeed the wider corporate sector as a whole. I’m particularly looking forward to working with Rolf, given his tremendous experience in both our sector and technology, enabling us to leverage the best of our combined teams.”
Rolf Heemskerk, Viewpoint chief executive, added: “Working together with TrustQuay as a singly focused, client centric, global solution and service provider, the merger creates an amazing opportunity to optimise the unique organisational and team strengths.
“Our combined team brings together the exceptional talents of two already very aligned organisations. In doing so, I believe that we will build a stronger and a more sustainable business that, through digitalisation, will deliver even more innovative and client centric solutions that will continue to greatly benefit the operations, productivity and efficiency of our clients.”
The financial terms of the deal were not disclosed.
